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Podcast on Bookkeeping, Budgeting and Profitability

I had the pleasure of being on the Rialto Marketing Podcast with Tim Fitzpatrick.  We covered some great topics including – How can people be more efficient with bookkeeping? What do people get wrong when it comes to budgeting and planning? How do companies improve growth, profitability and. cash flow? Here is the Facebook live Read more about Podcast on Bookkeeping, Budgeting and Profitability[…]

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5 Key Metrics to Check in your Five Year Plan

Here are my favorite metrics to check when I finish creating a five year plan.  These metrics are also great to check for annual budgets or even monthly forecasts. Revenue Growth Year over Year Percentage – Revenue is the key to any business and understanding how it changes year over year gives you insight into Read more about 5 Key Metrics to Check in your Five Year Plan[…]

Cash Flow Forecasting

How to Create a 13 Week Cash Forecast

In this video I explain how to create a 13 week Cash Flow Template, Customer Forecast and AR Forecast.  I also share lots of good excel and QBO tips along the way 🙂 If you need help or have questions, Finance Pals would love to give you some free tips and advice over a 30 Read more about How to Create a 13 Week Cash Forecast[…]

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Finance for Startups – Proforma, Bookkeeping and Funding

In this Regis Innovation Challenge video on Finance for Startups, we will discuss:  How Much Money you Need, What you Need to do to Prepare for Taxes Next Year and will also look at How you are Going to Fund your Business. To answer those questions we look at proformas, bookkeeping and funding options. If Read more about Finance for Startups – Proforma, Bookkeeping and Funding[…]

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Are you Making Customers Happy?

I recently saw two incidents where a restaurant and a coffee shop lost potential customers.  More importantly they missed a chance to make a customer happy which could have resulted in gaining a loyal customer and word of mouth referrals.  In both cases the customer requests were not anything unreasonable and could have been a Read more about Are you Making Customers Happy?[…]

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How to get free money for payroll costs – PPP Covid-19

The Coronavirus is out and we are all adopting to zoom calls and helping teach our kids school.  The government has come out with lots of programs to help.  To us the programs that give you money seem like the best so we are going to tell you how to get money for your business Read more about How to get free money for payroll costs – PPP Covid-19[…]

Multiple Scenarios

Why you need more than 1 budget

I was recently working for a company building their financial model to prepare for a series B raise.  We started by building a base case, which continues the current trends in a ‘business as usual way.’  We then started layering in a growth case: What if we got additional money for sales or IT projects?   Read more about Why you need more than 1 budget[…]

What is bookkeeping and why do I need it?

Bookkeeping is the organizing of all of your company’s revenue and expenses. GAAP – generally accepted accounting principles gives the rules to follow.  Most people think it is mainly to help prepare for taxes but it is so much more than that if you are trying to grow your business. facebook live video of why Read more about What is bookkeeping and why do I need it?[…]

Stop Managing your Business by checking your Bank Balance

A very common mistake I see from startup and small business owners is they manage their business by checking their bank account.  This happens because it is a habit we learned from managing our personal finances.  It’s pretty easy to manage your family’s budget by checking the bank balance before and after you get paid Read more about Stop Managing your Business by checking your Bank Balance[…]

Denver Startup Week and Advice for new Entrepreneurs

Finance Pals started unofficially at Denver Startup Week 2015, when I met my first client and offered to do some bookkeeping and financial modeling in exchange for some web marketing help.  It is now 2 years later and I had the opportunity to present at DSW 2017 thanks to Trica Meyer! Here are the 3 Read more about Denver Startup Week and Advice for new Entrepreneurs[…]